Can I retire at age 68 with 1,680,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$138,733$137,497$136,291$135,115$133,966$132,018
2 years$68,680$67,401$66,161$64,959$63,793$61,835
3 years$45,332$44,047$42,810$41,620$40,473$38,565
4 years$33,660$32,379$31,155$29,985$28,866$27,023
5 years$26,659$25,386$24,178$23,031$21,943$20,171
6 years$21,993$20,729$19,539$18,418$17,363$15,663
7 years$18,661$17,408$16,237$15,143$14,121$12,494
8 years$16,164$14,922$13,770$12,703$11,714$10,161
9 years$14,222$12,993$11,860$10,820$9,865$8,384
10 years$12,670$11,452$10,340$9,327$8,406$6,995
11 years$11,401$10,195$9,103$8,117$7,229$5,888
12 years$10,344$9,151$8,079$7,120$6,265$4,992
13 years$9,450$8,270$7,218$6,286$5,463$4,256
14 years$8,685$7,517$6,485$5,580$4,789$3,646
15 years$8,022$6,867$5,855$4,976$4,216$3,136
16 years$7,443$6,300$5,309$4,456$3,726$2,707
17 years$6,932$5,802$4,831$4,003$3,304$2,342
18 years$6,479$5,361$4,410$3,608$2,938$2,032
19 years$6,074$4,969$4,037$3,260$2,619$1,766
20 years$5,710$4,617$3,705$2,953$2,339$1,538
21 years$5,381$4,301$3,408$2,680$2,093$1,341
22 years$5,082$4,015$3,141$2,436$1,876$1,171
23 years$4,810$3,755$2,900$2,219$1,684$1,024
24 years$4,560$3,518$2,682$2,024$1,514$896
25 years$4,331$3,302$2,484$1,848$1,362$785
26 years$4,120$3,103$2,304$1,690$1,227$688
27 years$3,925$2,920$2,139$1,547$1,106$603
28 years$3,744$2,752$1,989$1,417$998$529
29 years$3,576$2,596$1,851$1,300$901$465
30 years$3,420$2,452$1,724$1,193$814$408
31 years$3,274$2,318$1,607$1,095$736$359
32 years$3,137$2,193$1,500$1,007$666$315
33 years$3,009$2,077$1,400$926$603$277
34 years$2,888$1,968$1,308$852$546$244
35 years$2,775$1,867$1,223$784$494$214
36 years$2,668$1,772$1,144$722$448$189
37 years$2,567$1,683$1,071$665$406$166
38 years$2,472$1,599$1,003$613$368$146
39 years$2,382$1,521$940$565$334$129
40 years$2,297$1,447$881$522$303$113
41 years$2,216$1,377$826$481$275$100
42 years$2,139$1,312$775$444$249$88
43 years$2,066$1,250$727$410$226$77
44 years$1,996$1,191$682$379$205$68
45 years$1,930$1,136$641$350$186$60
46 years$1,866$1,084$602$323$169$53
47 years$1,806$1,034$565$298$154$46
48 years$1,748$987$531$276$140$41
49 years$1,693$943$499$255$127$36
50 years$1,640$901$469$235$115$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,680,000, adding $4,247 every year, while hoping to spend $26,886 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 43/29/28 Blend
67$1,680,000$1,680,000$1,680,000$1,680,000
68$1,855,741$1,766,701$1,740,661$1,920,226
69$2,016,420$1,824,663$1,770,366$2,024,819
70$2,192,587$1,884,563$1,800,166$2,135,205
71$2,385,794$1,946,470$1,830,035$2,254,296
72$2,597,749$2,010,451$1,859,945$2,382,917
73$2,830,335$2,076,578$1,889,868$2,521,973
74$3,085,624$2,144,926$1,919,774$2,672,459
75$3,365,900$2,215,570$1,949,629$2,835,472
76$3,673,679$2,288,590$1,979,399$3,012,218
77$4,011,732$2,364,069$2,009,047$3,204,024
78$4,383,112$2,442,091$2,038,533$3,412,351
79$4,791,181$2,522,746$2,067,815$3,638,809
80$5,239,645$2,606,123$2,096,850$3,885,167
81$5,732,584$2,692,319$2,125,590$4,153,375
82$6,274,496$2,781,430$2,153,985$4,445,579
83$6,870,334$2,873,560$2,181,983$4,764,143
84$7,525,556$2,968,813$2,209,528$5,111,668
85$8,246,176$3,067,298$2,236,561$5,491,021
86$9,038,820$3,169,129$2,263,019$5,905,358
87$9,910,786$3,274,423$2,288,837$6,358,153
88$10,870,118$3,383,302$2,313,945$6,853,236
89$11,925,678$3,495,892$2,338,270$7,394,823
90$13,087,229$3,612,322$2,361,734$7,987,559
91$14,365,531$3,732,730$2,384,256$8,636,558
92$15,772,436$3,857,255$2,405,750$9,347,455
93$17,321,006$3,986,042$2,426,124$10,126,459
94$19,025,634$4,119,243$2,445,285$10,980,408
95$20,902,177$4,257,015$2,463,130$11,916,834
96$22,968,109$4,399,519$2,479,555$12,944,037
97$25,242,685$4,546,924$2,494,449$14,071,160
98$27,747,120$4,699,404$2,507,694$15,308,275
99$30,504,792$4,857,141$2,519,168$16,666,481
100$33,541,462$5,020,322$2,528,741$18,158,003